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For the second year, Singapore GP to purchase renewable energy certificates to offset emissions

Jovi Ho
Jovi Ho • 4 min read
For the second year, Singapore GP to purchase renewable energy certificates to offset emissions
Singapore GP first purchased RECs last year to offset 85% of electricity consumption in the circuit park at the 2022 Formula 1 Singapore Grand Prix. Photo: Bloomberg
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Singapore GP (SGP), the race organiser of the Formula 1 Singapore Grand Prix, aims to halve its energy emissions by 2028 by focusing on energy reduction, increasing the use of renewable energy sources and purchasing renewable energy certificates (RECs) for unavoidable emissions.

According to SGP’s first environmental, social and governance (ESG) report, released on Sept 8, total emissions in the circuit park at the 2022 Formula 1 Singapore Grand Prix amounted to 2,372 tonnes of carbon dioxide equivalent (tCO2e).

Scope 1, or direct emissions from fuel combustion, comprised 62.6% of emissions at the 2022 race weekend, says SGP. Meanwhile, Scope 2 emissions, or indirect emissions from purchased electricity, heat and steam, made up 33.5%.

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